HUAIBEI GD CO (02450) has released its interim financial results for the six months ended June 30, 2026, revealing a significant downturn in performance metrics. The company reported total revenue of RMB 52.8 million for the period, representing a substantial year-on-year decline of 58.5%.

In a more concerning development, the loss attributable to equity shareholders of the company widened dramatically to RMB 16.8 million, marking a 500% increase compared to the same period last year. The basic loss per share stood at RMB 0.06, reflecting the challenging operating environment during the reporting period.

The sharp contraction in revenue, coupled with the accelerated losses, underscores the difficulties faced by the company in maintaining profitability amid prevailing market conditions. These figures highlight the need for strategic adjustments to reverse the adverse financial trajectory in the upcoming quarters.